A rare and huge pink diamond could fetch more than $60 million at Sotheby’s auction in Geneva on Nov. 13, and thus become the highest paid price in history for any diamond ever purchased. The oval-cut stone, the largest internally flawless fancy vivid pink diamond ever graded by the Gemological Institute of America (GIA), is dubbed as Pink Star. It weights 59.60 carats and is the most valuable diamond offered at auction.
The current record is held by the “Graff Pink“, a 24.78 carat fancy intense pink diamond bought by Laurence Graff, the London-based jeweler known as “The King of Diamonds“, at a 2010 auction for 45.44 million Swiss francs ($45.75 million then).
Described as “full of fire and light,” and one of the earth’s “greatest natural treasures,” Pink Star was cut and polished from a 132.5 carat rough diamond mined by De Beers somewhere in Africa in 1999. This gem, mounted on a ring, was first sold in 2007 and the current owner remains anonymous.